The Telegraph - 90,000 first-time buyers face negative equity remortgage risk
Nearly 90,000 first-time homeowners who bought properties in 2020 and 2021 could effectively be barred from remortgaging because they have fallen into negative equity, new analysis has suggested.
Aaron Strutt of Trinity Financial told The Telegraph: “If you’re in negative equity it is basically impossible to switch lenders unless you pay off more of your mortgage.”
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